Spot trading volume of virtual assets in Q2 decreased by 22% compared to the previous quarter
Summary
- Spot trading volume of virtual assets in Q2 of this year decreased by about 22% compared to the previous quarter.
- The report stated that the trading volume decreased by 32% compared to Q4 of last year.
- Spot trading volume is expected to remain low in Q3 due to economic uncertainty and low liquidity.
In the second quarter of this year, spot trading volume for virtual assets (cryptocurrencies) decreased by approximately 22% compared to the previous quarter.
On the 16th (local time), TokenInsight announced in a report, "Spot trading volume of virtual assets decreased by 21.7% from $4.6 trillion in Q1 this year to $3.63 trillion in Q2." Compared to Q4 last year ($5.3 trillion), this is a sharp decline of 32%.
The report went on to predict that spot trading volume for virtual assets would remain sluggish in Q3. It stated, "Due to ongoing economic uncertainty and low liquidity, spot market trading volume is likely to remain sluggish in Q3 as well," and added, "It is highly likely that trading volume will be recorded between $3.5 trillion and $3 trillion."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
